The US Treasury, Federal Reserve and Federal Deposit Insurance Corporation have unveiled a plan meant to stem any contagion from Silicon Valley Bank's (SVB) failure on Friday. The Federal Reserve will provide an emergency lending facility that will ensure all of the bank's depositors are repaid in full.

The closure of Silicon Valley Bank, followed by Signature Bank, has undermined market confidence and raised recession risk fears. Stocks and equities in Asia dropped amid fears about exposure.

Banking stocks around the world have fallen sharply following the collapse of Silicon Valley Bank and a subsequent intervention by US regulators to protect depositors. Smaller regional lenders in the US are particularly hard hit, with many requests being made to move deposits to some of the country's larger lenders.

After the fall of SVB and New York-based Signature Bank, US authorities took decisive measures to prevent any possible contagion. But the factors that fueled their downfall are keeping Europeans on their toes.

Is America facing a banking crisis? As regulators try to stem the fallout from the collapse of Silicon Valley and Signature Banks, we look at the risks for the rest of the system. Kate Moody speaks to economist Nicolas Veron from the Peterson Institute for International Economics and the European think tank Bruegel.

The Lagos State Government has reported that there was no confirmed fatality yet from the 7-floor building under construction that collapsed in Banana Island, Lagos State, yesterday evening as investigations continue. Banana Island is known to be one of the most expensive parts of the state as a hub for the elite.

Faced with deadly clashes between rival armed forces, Sudanese flee their homes as another attempted ceasefire fails. Over in Somaliland, conflict has raged in the town of Las Anod since February. The Dhulbahante clan wants it to leave Somaliland and rejoin Somalia. Finally, TikTok is being sued in Senegal. Tech firms are worried the Chinese giant is violating data protection laws and failing to protect children.

Faced with deadly clashes between rival armed forces, Sudanese flee their homes as another attempted ceasefire fails. Over in Somaliland, conflict has raged in the town of Las Anod since February. The Dhulbahante clan wants it to leave Somaliland and rejoin Somalia. Finally, TikTok is being sued in Senegal.

Dozens of buses are sent to take nationals to Egypt. Also, the death toll from Kenya's starvation cult rises to 95. The pastor who encouraged his followers to fast to find salvation is still in custody.

There is hope for Nigerians who have been stuck in limbo amid Sudan's fighting. Dozens of buses are sent to take nationals to Egypt. Also, the death toll from Kenya's starvation cult rises to 95. The pastor who encouraged his followers to fast to find salvation is still in custody.

The US clears the way for sanctions over Sudan's conflict as the latest ceasefire fails to stop the fighting. This as hundreds of Nigerians and South Africans finally arrive home. Also, Japan offers help to Mozambique in its battle against insurgents in the country's north. Finally, we head to Senegal and tune in to the first Pan-African festival celebrating TV series produced on the continent.

The new governor of Kano State, Yusuf Abba, his deputy, and the acting chief judge were all on the podium as the stage collapsed during oath-taking. In Oyo State, Governor Seyi Makinde's oath-taking was also disrupted by heavy rain.